EFCC Summons Okoya Sons Over Alleged Naira Abuse Following Controversial Video

The Economic and Financial Crimes Commission (EFCC) has invited Raheem and Wahab Okoya, sons of billionaire businessman Chief Razaq Okoya, for questioning over an alleged abuse of the Nigerian naira. The brothers, who have come under intense scrutiny following a viral video, are expected to appear at the EFCC’s Lagos office on Monday, January 13, 2025.

The controversy erupted after a video surfaced showing the Okoya brothers flaunting and carelessly spraying stacks of N1,000 notes in a promotional clip for Raheem’s new song, Credit Alert. In the footage, the duo, dressed in traditional white agbadas, are seen dancing as a mobile policeman holds bundles of fresh naira notes, which they threw into the air.

The video, perceived by many as a display of reckless wealth and disregard for the country’s financial regulations, quickly sparked widespread condemnation on social media. Critics voiced concerns about the message it sent, with some expressing doubts about the accountability of the Okoya family due to the sons’ father’s powerful influence.

Also Read: Police Officer Detained Over Naira Abuse in Viral Video Involving Okoya Sons

The Nigeria Police Force quickly acted on the controversy, with spokesperson Muyiwa Adejobi confirming on Thursday that the officer who appeared in the video had been identified and detained.

Following the public uproar, the EFCC issued a formal invitation to Raheem and Wahab Okoya. According to report, the brothers are required to appear before the EFCC’s Special Operations Team at the commission’s Lagos office at 10 am on Monday.

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In a statement confirming the invitation, Dele Oyewale, EFCC’s Head of Media and Publicity, told PUNCH Online that the Okoya brothers had indeed been summoned for questioning.

Raheem Okoya has since issued a public apology, acknowledging the controversy and expressing regret for his actions. Through his X (formerly Twitter) account, he wrote, “To the Nigerian people, my actions were not intended to cause any trouble or harm. My intentions were pure and naive. I ask for your forgiveness and support as I had no intention of raising such an alarm. I wasn’t fully aware of the consequences of my actions.”